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Approximately 62 percent of personal bankruptcies in the U. S. are due to medical expeneses. - Harvard University study
In the 12-year span from October 1, 2005 to September 30, 2017, about 12.8 million consumer bankruptcy petitions were filed in the federal courts. - www.uscourts.gov/
In 2016, the five states with the highest rates of Chapter 13 bankruptcy were Alabama (1 in 112 households), Tennessee (1 in 119), Georgia (1 in 135), Louisiana (1 in 179), and Mississippi (1 in 190). - uscourts.gov/
The state with the lowest rate was Alaska (1 in 4,359 households). Nationally, there was one Chapter 13 filing for every 405 households in 2016. - uscourts.gov/
The March 2018 annual bankruptcy filings totaled 779,828, compared with 794,492 cases in the previous year, according to statistics released by the Administrative Office of the U.S. Courts. - uscourts.gov/
Harvard University study showed that medical expenses account for approximately 62 percent of personal bankruptcies in the US. - Huffington Post
Top 10 reasons why people go bankrupt:
- Huffington Post
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